CN Reaches Tentative Labour Agreement with Teamsters Union
OREANDA-NEWS. CN (TSX: CNR) (NYSE: CNI) announced today that it has negotiated a tentative labour agreement with the Teamsters Canada Rail Conference (TCRC) union that represents locomotive engineers and conductors working on the company's Northern Quebec Internal Short line.
The four-year agreement would provide wage increases and benefit improvements to 93 employees. Details of the agreement are being withheld pending ratification by the affected TCRC members. The union is expected to announce the results of the ratification vote by the end of February 2015.
CN (TSX: CNR) (NYSE: CNI) is a true backbone of the economy, transporting approximately CAD 250 billion worth of goods annually for a wide range of business sectors, ranging from resource products to manufactured products to consumer goods, across a rail network spanning Canada and mid-America. CN - Canadian National Railway Company, along with its operating railway subsidiaries-serves the cities and ports of Vancouver, Prince Rupert, B.C., Montreal, Halifax, New Orleans, and Mobile, Ala., and the metropolitan areas of Toronto, Edmonton, Winnipeg, Calgary, Chicago, Memphis, Detroit, Duluth, Minn./Superior, Wis., and Jackson, Miss., with connections to all points in North America.
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